Iamgold Corp. (NYSE:IAG) has a beta value of 1.59 and has seen 5.75 million shares traded in the last trading session. The company, currently valued at $2.72B, closed the last trade at $4.77 per share which meant it lost -$0.06 on the day or -1.24% during that session. The IAG stock price is -17.4% off its 52-week high price of $5.60 and 55.77% above the 52-week low of $2.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.49 million shares traded. The 3-month trading volume is 9.34 million shares.
The consensus among analysts is that Iamgold Corp. (IAG) is Hold stock at the moment, with a recommendation rating of 2.64. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 9 out of 14 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.08.
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Iamgold Corp. (NYSE:IAG) trade information
Sporting -1.24% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IAG stock price touched $4.77 or saw a rise of 4.79%. Year-to-date, Iamgold Corp. shares have moved 88.54%, while the 5-day performance has seen it change 5.07%. Over the past 30 days, the shares of Iamgold Corp. (NYSE:IAG) have changed -11.99%. Short interest in the company has seen 5.79 million shares shorted with days to cover at 0.73.
Wall Street analysts have a consensus price target for the stock at $3.88, which means that the shares’ value could drop -22.94% from current levels. The projected low price target is $2.25 while the price target rests at a high of $6.4. In that case, then, we find that the current price level is -34.17% off the targeted high while a plunge would see the stock lose 52.83% from current levels.
Iamgold Corp. (IAG) estimates and forecasts
Figures show that Iamgold Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 33.61% over the past 6 months, with this year growth rate of 466.67%, compared to 22.00% for the industry. Revenue growth from the last financial year stood is estimated to be 65.70%.
1 analysts offering their estimates for the company have set an average revenue estimate of 437.87M for the current quarter. 1 have an estimated revenue figure of 526.07M for the next ending quarter. Year-ago sales stood 233.75M and 297.6M respectively for this quarter and the next, and analysts expect sales will grow by 87.30% for the current quarter and 65.70% for the next.
Earnings growth for 2024 is a modest 421.69% while over the next 5 years, the company’s earnings are expected to increase by 40.30%.
IAG Dividends
Iamgold Corp. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Iamgold Corp. (NYSE:IAG)’s Major holders
Insiders own 0.09% of the company shares, while shares held by institutions stand at 64.72% with a share float percentage of 64.78%. Investors are also buoyed by the number of investors in a company, with Iamgold Corp. having a total of 264.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 48.63 million shares worth more than $182.36 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 9.9382% of shares outstanding.
The other major institutional holder is DONALD SMITH & CO., INC., with the holding of over 34.89 million shares as of 2024-06-30. The firm’s total holdings are worth over $130.84 million and represent 7.1307% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF . As of Sep 30, 2024 , the former fund manager holds about 4.57% shares in the company for having 26.1 shares of worth $124.5 million while later fund manager owns 21.37 shares of worth $101.92 million as of Sep 30, 2024 , which makes it owner of about 3.74% of company’s outstanding stock.
